Air Canada Goes Back to Brazil’s Embraer for 15 More Jets

Air Canada has become the first customer for Brazilian Embraer’s second member of a new airliner family. Embraer today announced an order from Air Canada for 15 Embraer 175 airliners, plus options for an additional 15 aircraft.

This adds to its order placed earlier this year for 45 firm and options for 45 Embraer 190 aircraft. Deliveries of the Embraer 175s are set to begin in July 2005.


At list price, the order for the 15 Embraer 175s is valued at US$ 420 million (CAD$ 507.86 million), with a potential value of US$ 840 million (CAD$ 1.016 billion) if all options are converted.


With this formal purchase agreement, Air Canada becomes the first customer for the Embraer 175.


Air Canada signed an agreement in September for 45 Embraer 190s, with options for 45 additional aircraft. Those aircraft will begin delivery in late 2005 following final certification, while Brazilian and U.S. certification of the Embraer 175 is expected by the end of this year.


“Having an important and prestigious airline such as Air Canada as the first Embraer 175 operator worldwide is a distinction that honors and motivates all of us at Embraer. Air Canada has shown foresight in looking to smaller airliners as a key component of its future success, and we are happy to be a part of its strategy,” said Embraer President and CEO Mauricio Botelho.


“Like other airlines with an eye on the future, Air Canada will reap the benefits of a new family of aircraft specifically designed for the market niche between 70 and 110 seats, with its unprecedented combination of economics, performance and comfort, benefiting both operators and passengers.”


“Together with the Embraer 190, the Embraer 175 will give Air Canada a competitive edge in offering high frequency, low-cost services on new and existing routes in Canada and the United States,” said Robert Milton, President and Chief Executive Officer.


“I am confident our customers will be favorably impressed with the comfortable travel experience provided by these aircraft.”


The Embraer 175s for Air Canada will be configured for 73 seats in dual- class configuration — nine Executive Class seats at 39-inch pitch and 64 Hospitality seats at 32-inch pitch.


The Embraer 170/190 Family


Designed to tap the 70-to-110-seat market and help carriers right-size fleets, this four-member family of E-jets is a new-generation of commercial aircraft which, according to Embraer, features “advanced engineering design, exceptional performance efficiency, superior operating economics and a spacious cabin.”


The Embraer 170, first in the family, is in commercial operation in the U.S. and Europe.


The Embraer 175’s certification campaign will be concluded in the final quarter of 2004.


The Embraer 190 is set to gain certification in the third quarter of 2005, when deliveries will begin.


The Embraer 195 is expected to make its first flight in December 2004.


Profile


Embraer (Empresa Brasileira de Aeronáutica S.A.) is the world’s leading manufacturer of commercial jets up to 110 seats with 35 years of experience in designing, developing, manufacturing, selling and providing after-sales support to aircraft for the global airline, defense and corporate markets. 


With headquarters in São José dos Campos, in the state of Sao Paulo, the Company has offices and customer service bases in Australia, China, France, Singapore and the United States.


Embraer is among Brazil’s leading exporting companies. As of September 30, 2004, Embraer had a total workforce of 14,541 people, and its firm order backlog totaled US$ 11.0 billion.


Empresa Brasileira de Aeronáutica S.A.
www.embraer.com.br
PRNewswire

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Spends US$ 242 Million to Buy Crops and Guarantee Prices

Brazil’s Ministry of Agriculture, Livestock, and Supply announced the liberation of US$ 242 million ...

Brazil’s Health Minister Hints Patent Breaking for AIDS Drugs Can Be Averted

Brazil’s Minister of Health, Saraiva Felipe, says he expects to conclude negotiations in a ...

Brazil’s Stock Market Rebounds But Trade Balanced Is in the Red

Brazil’s stock exchange, the Bovespa, started the week in a positive note after three ...

Brazil’s Domestic Debt Is Out of Control, Says Expert

In recent years Brazil’s foreign debt has been falling, while domestic debt has been ...

Brazil Loosens Its Grip on Airports and Ports Privatizing and Leasing Facilities

The Brazilian government is expecting to raise US$ 1.3 billion with the leasing of ...

Cattle from Uruguay

The Invasion of Uruguay. Brazil Has Taken Over the Meat and Rice Industries

In Uruguay, as in all other countries in the region, the expansion of single-crop ...

Opposition Gains Don’t Deter Brazilian Bulls

Brazilian and Latin American shares rose, ahead of this week’s U.S. presidential election. Stocks ...

Brazil Wants Self-Sufficiency in Fertilizers in 10 Years

The theme of a meeting between the Brazilian ministers of Agriculture, Reinhold Stephanes, and ...